2024.11.29
On September 30, 2024, the Japan International Cooperation Agency (JICA) signed a loan agreement of up to 100 million USD (for JICA portion) with the Development Bank of Southern Africa. The signing ceremony took place in Johannesburg, Republic of South Africa, on November 27, 2024.
Signing Ceremony
The project is co-financed with SMBC Group up to 150 million USD in total.
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Borrower
Development Bank of Southern Africa Limited
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Country (Target Areas)
Republic of South Africa
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Loan Amount
Up to 100 million USD (for JICA portion)
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Project Title
Green Finance Promotion Project
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Project Purpose
This project aims to contribute to the sustainable economic development of Republic of South Africa by promoting the financing of renewable energy projects that will accelerate the development of green infrastructure over the country through JICA’s long-term loan to the Development Bank of Southern Africa Limited.
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Project Component
This project promotes support for businesses working on the development of green infrastructure (such as renewable energy projects, energy storage projects, etc.) within the Republic of South Africa.
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Contribution to SDGs
Goal 7 Affordable and clean energy
Goal 13 Climate action
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Reference
The Facility for Accelerating Climate Change Resilient and Sustainable Society (ACCESS) applies to this project.
Also, the SMBC-JICA Sustainable Finance Framework, which was launched in March of 2021, will be applied to this loan agreement.
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